Iochpe-Maxion (OTCMKTS:IOCJY) Stock Price Down 9.1% - Time to Sell?

Shares of Iochpe-Maxion S.A. (OTCMKTS:IOCJY - Get Free Report) fell 9.1% during mid-day trading on Tuesday . The company traded as low as $0.50 and last traded at $0.50. 5,000 shares changed hands during trading, an increase of 47% from the average session volume of 3,400 shares. The stock had previously closed at $0.55.

Iochpe-Maxion Stock Performance

The business has a 50-day moving average of $0.55 and a 200-day moving average of $0.59. The company has a market capitalization of $230.81 million, a P/E ratio of 6.25 and a beta of 1.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.56 and a quick ratio of 1.05.

Iochpe-Maxion Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 10th were paid a dividend of $0.0089 per share. The ex-dividend date was Monday, March 10th. Iochpe-Maxion's dividend payout ratio is presently 18.18%.

About Iochpe-Maxion

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.